Through your experience, which bank offers the most generous credit limit for credit cards? I know this is subject to credit review but i'm just asking generally.

This post has been edited by rockefeller: Jan 13 2010, 11:54 PM

@rockefeller,
I believe it's v personal. They take into account what your current credit risks are before issuing you a CL - also it's difficult to give you an answer because different people get different CL from different banks.

Citibank has recently given me an increase in CL and that's slightly higher than what I have on my VI.

actually it depends on you. Citibank offer not bad..

@rockefeller,
Thus far, the most 'kiam siap' bank I've come across is Maybank

Citibank as i heard it on radio every morning.

You're right this is pretty subjective but I just want to know in general..

Maybank has been quite accomodating to me, a few times when I was abroad, I needed them to grant immediate temporary credit limit increase, they can do it on the spot sometimes 100% more than the existing limit.

@rockefeller,
Granting of temporary CL is not something I had difficulty with via Maybank. The question is; if they've given me sufficient CL I wouldn't need to be asking for a temporary increase in CL, right!? *grins*

Haha, Maybank is legend. A couple months ago, they refuse to renew my Amex and Visa card but only my Mastercard. Also they reduce the CL on my Mastercard .Call them to see what is the problem as I have excellent paying record. Guess what the teller told me? She told me nicely that, since i only use he Mastercard and not the visa or amex, they see no point in continuing my other cards .Also they say my transaction is low and also very good payee, they basically cannot earn much from me so they reduce the CL . Talk to the girl nicely say that i will use my card more often, she finally agreed to renew my visa but not my amex, but the lowered CL stays. . BTW, my Maybank CL is mere 15% of my annual income

This post has been edited by gark: Jan 14 2010, 12:10 AM

Direct Access.

@gark,
I'm surprised they cut you off on your Amex since I thought they really wanted to increase their database for that card. I was luckier; on 3 separate occasions, I asked MBB to give me an increase in CL on my Amex card and all 3 times it was granted; in fact, the last request, they gave me a permanent increase limit of RM10k

I am not surprised they did it, i never did once swipe the amex or visa card for 5 years since it is given to me. .

You mean they more welcome those who always delay the payment one?

Me also using Maybank mastercard only and they didn't renew me the visa or amex, I am a good payee and not a heavy user also (use 2 or 3 times per month), but they increase my CL twice within few years.

@gark,
OikS.. Ur asking for it ! Lol. I must say I'd been a pretty good customer with Amex having accumulated more than sufficient points to redeem a RM3.5k Tag Heuer watch + Panasonic Microwave + Braun High Blood Presure Monitor Kit + a couple Thermos ware, etc.

Haha i really don't know. I maybe use my credit card like 2-3 times a year only. Don't know why, I am CC phobic . Even my subordinate who is like heavily in debt with credit cards, and earns much much lower than me got offered a citibank platinum card with a huge CL. Go figure!

Can redeem so many thing?? you must be swapping the amex card for over few hundreds thousands then??

@gark,
CC these days are like UPSR certs; v easy to get *smiles* I'm just the total opposite of you; I use my CC as primary cash; as and when it's possible to use a CC, I use my CC *smiles* - it's just important to remember NOT to overspend and to know what your limit is; your personal limit is definitely NOT your CL but most people don't understand that or don't abide by that rule.

@Omage007,
Assuming I've not redeemed anything previously, I probably would have about 800-900k MR points. Aside from being a "big" spender, I also take advantage of Amex's Platinum Partner's 10x Points + it's 5X points on their Gold CC.

Tinkerbell,

Haha, I don't know where I got my habit from. Whenever I see anything I want to buy, I check my wallet first, not enough cash then either I withdraw cash (only from 1 particular ATM) or I don't purchase it. Most of the time I ended up not buying anything. So far I only use my CC for hotel deposit and Airasia.

@gark,
Like U, I make sure I haf enough $ but I keep those in the bank; then I swipe it with the CC and start to collect points. I'm pretty "kiasu" when it comes to collecting points [as U prob can oredi tell by now] so I do a lot of 'on behalf' purchase for mom and sis, etc.

On the topic of CL, my Citibank Choice card is also around 15% of my annual income. I think the normal limit should be around 2 - 3 months of your monthly income? Do the banks have visibility to our current pay or we need to update them?

For credit cards Citibank is best in offering high credit limit followed by Maybank and OCBC, almost 30& of my annual income.

The worst would be HSBC credit cards offering only about 12% of my annual income.

u r like me. i'll use amex everytime i swap bcoz of 2X & 5X treatspoints. i got plenty of points but the treatpoints reward in m2u site is quite dull. i don't see any tag watches...

@mancy,
If you're using Amex, U need to refer to the American Express Choice catalogue and you can only make redemptions via that catalogue not the Maybank catalogue.

i wonder how's mbf with granting credit limit. are they generous or kiamsiap?

How kedekut!!!

This post has been edited by wurst: Apr 30 2015, 09:22 PM

MBB is pretty stingy in giving CC CL. DA offers me more than double of the CL given by MBB.

Citibank is generous, I have 27k.

Based on my card type, I used to have RHB Evo and they gave me RM40K CL but cancelled the card after a year as hardly use it.


Wow, 60% of your montly income? That's low. Citi CC must be your first card or it is because your credit history is not proven.

why is RM27 considered generous for a Plat card?

Of all me card, my Citi Clear Card CL is the lowest and its higher than your Citi Plat. So I won't say Citi CL is generous for your case

It is generous enough..

Pay off everything through internet once get back at home.

So 27k is never used up. Usually only use it for petrol, shopping, hotel booking, etc.

For me, I just have one card now.

Original plan is to reduce to 10k.

However, later decide to keep 27k.

Just to make my credit report looks nice, if future I need to take a house loan.

no cc balance is important.

If you can keep your 27k full, then it will be a big debt. so clear off better..

Frankly, 27k for a Platinum card is really on the low side.

i just 'threaten' to cancel my Maybank visa card with an excuse of 'lower credit limit' last december that i'd like to keep only 1 card due to RM50 charges. the officer review my current RM10k credit limit, and guess what i saw after new year?

Credit Limit: RM18,000

CC company like to give high credit limit to those users who do not need it..

For us, it is more like a number.

If you use up to that level, you will no longer enjoy the CL increase.

how does this work? when you threaten i assume you dont have any outstanding?

---

Added on January 16, 2010, 12:03 pmi have one question, is age a factor when they consider how much CL to give? when you're too young do you think they think its risky to give you high CL?

This post has been edited by rockefeller: Jan 16 2010, 12:03 PM

Pardon me. But what do you mean by "you will no longer enjoy the CL increase" ?


I believe that certainly plays a major role too. Banks also will not issue a credit card to anyone over the age of 65 (assume if you were to apply using your paycheck). However, it doesn't necessarily mean that if you're young, the won't be able to get a high credit line. They will look into your income. Banks issuing complimentary credit card will look into the total asset under management etc.

This post has been edited by MilesAndMore: Jan 16 2010, 12:13 PM

@epalbee3,
On the occasional blue moon it is good to have loads of CL. I have on 4 separate occasions utilised the CL given to me by Amex and had to ask for a temporary increase in CL of almost double. Subsequently they gave me a permanent RM10k increase of CL but that was still insufficient.

RM80k on my VI was insufficient in the last 2 months but since I'm "new" with them and rarely use that card, I decided to pay up RM30k to release more "funds" to it; now I believe I'm almost chocker block until my next payment date.

The rule of thumb is NOT not to spend all your CL; but to make sure that when U do, U have the $ sitting in your bank account to repay your CC bill when it's due.

Wow 80K insufficient? Wow.

---

Added on January 16, 2010, 12:25 pmi believe so. i got my first plat when i was 21 by virtue of my substantial total asset under management with the bank but the CL granted was meagre!

---

Added on January 16, 2010, 12:32 pmhow kiamsiap compared to your VI?

This post has been edited by rockefeller: Jan 16 2010, 12:32 PM

RM80k is a lot. How did you spend it?

Petrol, Shopping, hotel booking, paying bills, not more than RM1k per month.

I got my credit limit increased dramatically when I travelled abroad.
Once I spent about 30k in a month. But that is the story when have chance to go overseas, on business.
That time my CL was just about 5k. So my resort is to use online system to pay it and claim from company immediately every few days.

For every car loan I take now, I have an equivalent saving in FD backing it up.

But house wise, hard to sought equivalent FD, too big for a lifetime. Perhaps using KWSP 2nd account.

I understand the benefit of having higher CL for emergency purpose.
Sometimes you just found that the salary comes late where you need to pay the bills first.

I am not a big spender, so I guess RM27k is just a nice number to me. I used to pay off every night, what for higher credit..

For me, credit limit is just for convenience and emergency; for long term unsettled balance on cc, I think they should just reliaze it is time to pay off, don't forget CC has the higher interest rates of 13.5% - 17.5%.

---

Added on January 16, 2010, 12:53 pm80k * 13.5%/12 = you need to pay RM900 interest per month, if you are good payer..

---

Added on January 16, 2010, 12:56 pmIf only you are generous to donate RM10.8k to bank per year.

This post has been edited by epalbee3: Jan 16 2010, 12:56 PM

Totally agree with you !


Define meagre. LOL ! I do agree that the credit line given to the certain bank's VIP customer is kind of low considering many of them have no less than RM200k of deposit with the bank.


She pays the credit card bill in full. So no worries about the interest and all.

This post has been edited by MilesAndMore: Jan 16 2010, 01:10 PM

@rockefeller,
Er.. RM80k mana cukups untuk beli rumah?! *grins*

Let's just say my LOWEST Platinum Card CL is from Amex; RM30k - now revised to RM40k.

@epalbee3,
U must haf misunderstood me - I'm saying, if you use your CL wisely U wouldn't need to pay any interest. Thus far in my life, I haven't paid a single cent in interest to my banks but have benefitted from the additional cash flow + reward points *smile*

You're right - RM80k is a lot and it wouldn't be easy to use them all up in 1 swipe but I did mention on the occasional blue moon, didn't I?!

@MilesAndMore,
Ditto! I just don't like paying "up front" but had to do that on several times in the last 4 months due to insufficient CL to use *grins* I'm still upset the damn developers don't accept Amex otherwise I probably would be able to accumulate sufficient funds for yet another Tag Heuer *grins*

This post has been edited by tinkerbel: Jan 16 2010, 01:09 PM

no option for not having a single credit card??

tinkerbell, lowest 30k highest you get 80k. Big gap huh!

@Noning,
With Amex it's not possible NOT to have another CC since not all places accepts Amex.

@rockefeller,
I didn't say my VI is the one giving me highest CL, did I?!

haha sorry. i forgot about your citibank!

@rockefeller,
Yup... Citibank CL is currently my highest available one. And right now I'm deciding to keep between the Citibank and the SCB VI. If SCB VI can give me a waiver on their RM800 Annual Fees I probably keep that one but then it's gonna be tough wanting to keep so many cards so will probably have to let it go.

Am definitely gonna keep my Amex though - have benefitted quite a bit from their reward points *smiles*

your citibank is plat i assume?

yes, amex is really generous with their membership rewards points! I've benefited from it greatly, got me return ticket to london on malaysia airlines first class FOC!

@rockefeller,
Eh how many points do U need to redeem an air ticket like that?! I'm no current member with any frequent flyer club and was looking at that previously; am aiming to make a trip to US *grins*

I hold both the Citibank Clear Card + Platinum Card.

Depends which class. I can help you work out the maths. I assume you're off to LA?

should be LA through singapore airline, or through san francisco..

wow, u all are the billionaires of malaysia is it?
me on the other side, have the cl of 10k for my platinum card from cimb.pretty said though.
but still i think that is a generous offer considering 5 months working is still a noob to them

cimb's platinum card CL starts at 10k? wow that's a first for me.

well, thats what they are giving me.
cimb islamic cc....
now im splitting the card into 2, classic cimb and islamic cimb cc's
what they are giving me is 23% of my annual

so you have cimb classic and cimb islamic platinum?

I believe it's one of the lowest in town ... for Platinum card.

that sound cynical..
sigh

but you mentioned you have cimb classic and cimb islamic platinum right?

those cards carry separate limit right? mine is separate. my cimb enrich card and cimb islamic card have separate limit altogether.

ya, both also carry their own separate limit.
but then my platinum really is 10k..thought it is usual (or should i say the tiny most cl ever)....
ure not planning of changing to maybank cc since like everybody is giving thumbs up to maybank cc

i have maybank cards already. so far they've been more helpful especially when i'm travelling abroad and i require on the spot temporary CL increase. they have no qualms whereas cimb would say please call back in three hours! if you're jumping to the maybank bandwagon, i suggest you go for the american express credit card. the membership rewards offered is beyond compare regardless gold or platinum!

@rockefeller,
NY, not LA. My dream guy's in NY *blush*

but MAS doesnt fly to NYC anymore.

anyway just to serve as guide:

you require around 60,000 enrich miles for economy return ticket to europe. nyc may be slightly more. the amount should be about the same for krisflyer too.

5600 MR points = 1000 enrich / krisflyer miles

american express?
alright, will do....
but i need to switch over all my account into maybank first.
they dun have any prerequisite requirement or what not eh?coz my salary is just 48k annually, supposedly not even qualified for the platinum card as a matter of fact

how did you manage to lay your hands on the cimb platinum then?

it is easy to get plat.. provided you have good paying habit and working as a professional.

my cousin works in cimb, she said i am eligible to get one since 48k is just my gross salary.so the bank can consider that (maybe thru internal spy-whore i bet)

---

Added on January 16, 2010, 7:24 pmowh........
maybe the latter explains why i get one....

This post has been edited by zergg: Jan 16 2010, 07:24 PM

maybank is quite easy actually. just open a bank account with them and start to have your salary credited to your maybank account for three months. after the third month your branch can give you pre approved credit card already! simple.

a lot of credit limit is good; but a lot of money in saving account is even better..

---

Added on January 16, 2010, 7:25 pmwhy make yourself so difficult by having so much credit limit. soon or later have to pay back also..

This post has been edited by epalbee3: Jan 16 2010, 07:25 PM

no wonder they rejected my cc application form last month!!
guess i need to wait for few more months than tho i doubt i could get the amex.

---

Added on January 16, 2010, 7:27 pmagreed.
but i wish to terminate my cimb cc for good...
u guys can consider urself as the culprit here for giving all the positive comments about maybank

This post has been edited by zergg: Jan 16 2010, 07:27 PM

terminate your cimb cc only after getting the maybank cc you intend to apply. banks would feel "safer" knowing they're not the first to grant you credit cards. that's how credit officers see the situation.

@rockefeller,
What about C Class then?! How many points needed, roughly?

singapore airlines has been ridiculous about redemption for C Class tickets since the introduction of A380.

they require 240,000 krisflyer miles for C Class whereas malaysia airlines require just 110,000 enrich miles for C Class.

@rockefeller,
Can u tell me where I can get all these information?! Last time I searched on SIA/MAS website I was left in a dazed.

here you go:

http://www.singaporeair.com/saa/en_UK/Acco...p?v=1408127079&

owh..my HSBC 20% from my annual income...thye even offer to double the CL

dunno y..mayb im a good payee

HSBC always review my CL

This post has been edited by thomasting: Jan 17 2010, 04:33 PM

My Maybank CC hor... although the CL is very low, they never bother me with phone call at all, insurance and other telemarketing stuff and leaves me at peace. They are so peaceful that, although i swipe thousands of euro on the card overseas, they have not once called me. Save my roaming cost...

This post has been edited by gark: Jan 17 2010, 10:39 PM

But if like that dangerous also no?

Dono leh? Thye never call me after all these years, so i don't really bother. Unlike CIMB, always call to invest this and that.. haiya... even got call me to buy houses also .. troublesome bank...

I doubt it gastacopz as I settle all my credit cards in full unless I swipe five digits which is usually once or so every year which is split into 50-50 payments. Maybe you're just lucky with HSBC as I am with the others.

is there such thing ?? called "generous bank" ??

But especially if youre abroad, it's good for them to call and check to verify the transaction. If they dont call at all dangerous also. I noticed Citibank and HSBC theyre quite fast in calling to verify.

CIMB on the other hand, usually calls me one day later! LOL.

---

Added on January 17, 2010, 11:45 pmyes, although it is highly subjective and depends very much on your credit ratings. i have in some cases one bank offering me double the CL offered by the other bank!

This post has been edited by rockefeller: Jan 17 2010, 11:45 PM

Some banks are just too kind to some of us while others are punished and vice versa. I suppose credit ratings is one thing while bank policy/officer policy is another.

i have 1 question...if somebody manage to fraud our c/c and use it, are we aligible to pay or just make report and let bank solve it by them self...

btw my cimb CL suddently increase to double without inform me 1st...it posible to call them and reduce it back to ariginal

@mrcg,
Report it as fraud and the banks will investigate. If everything is as you say, they'll reverse the charges and U won't need to pay them for those transactions.

You can call them and request for it.

What's the highest CL you've heard granted to an individual in Malaysia? Just curious..

I've heard from a good source that RM500K has been granted for a Datuk to do shopping in Dubai.

Didn't tgeoklin say RM1 Million ?

Youre right, just checking if other's have heard something else elsewhere

i heard that mbf gives good credit limit... anyone got mbf?

also, can get bonuslink points somemore

Don't really like MBF.

i just say i got few cards and wish to retain the one with the highest credit limit. unless they can give me better deal

age limit: i'm not sure, but i've been a maybankard customer since 6 yrs ago

high credit has it's purpose:

for those still studying, higher credit limit allows u to pay your tuition fee

for those trying to start a family, higher credit limit allows you to buy more things @ monthly installment

for businessman & traders, short-term business loan for buying stocks with higher credit limiter

if u're being offered a higher limit, just take it.. of course, use wisely

Standard Chartered offer high credit limit.

how so

I got a fren got few bank is 3k...citibank is 8k and Standard chartered is 13k CL...so i think Standard chartered offer highest credit limit i guess.

for a credit virgin (no previous credit record) gentleman in his early 30s earning around 25k monthly and plans to apply for his first credit card, which bank is most likely to give high credit limit to first timer like this? ccris and ctos clean 100%.

Question....how do you get RM80K CL? Like do you really earn about 27K per month or how the bank justify the CL?

it oso depends on the person using it.. how u utilise ur spending.. i have 2 scenario..

my gf's sis - first CC apply get 13k CL.. after a year bcoz of very very less usage, the bank decided to drop it to 8k eventually..

my mom- first CC apply get 8k.. bcoz of heavy usage after a year increase to 12k and further increase later on was 25k.. until now presently got an upgrade and the CL was 40k.. my mom just an office admin btw..

But problem is I used up my CL like at least 80% of the year, yet HSBC increase 10% only to me annually, and Maybank 0 increment.

well.. its still at bank's discretion.. wat i try to share is just some info only lor.. not majority,just small minority.. i pecah my HLB card 3 times in 3 months.. (of course i settle everything every month).. they just increase me 500 only =.= lol..

of course we dun spend that much every month.. like me only on neccessity only.. petrol,groceries,bills.. im fine with the CL they give though.. coz i only boom my card near CNY =p

for someone who earns a monthly salary of 25k gross without any other financial commitment at all, if he were to apply for cc, how much would you think a realistic credit limit to expect? which bank is known to be generous to first timer?